Bill > HB2511

This bill amends Tennessee Code Annotated, Title 9, which deals with state financial matters, to clarify how funds are appropriated for debt service payments, meaning the payments made on borrowed money. Specifically, it allows certain airport authorities, such as regional airport authorities and metropolitan airport authorities, to directly and continuously appropriate funds for the issuance of debt that is not a liability of the state, meaning the state is not responsible for repaying this debt. This ensures that these airport authorities can reliably make their debt service payments for an indefinite period of time, without needing separate legislative approval for each payment.